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Tag: "Private Sector"

Job Market Thrives: Businesses Hire Over 190,000 Workers Despite Economic Concerns

Private sector employment rose by 192,000 in April, beating expectations. Pay growth slowed to a 5% annual increase, the lowest since August 2021. Leisure and hospitality led job gains, with construction and other sectors also showing increases. Large companies hired the most new workers. This follows March's revised gain of 208,000. The official government jobs report is expected on Friday, which typically provides a different count.